WINTER IS COMING:
Shot: A recession worse than 2008 is coming.
Chaser: Olivier Blanchard [former chief economist at the International Monetary Fund] eyes ugly ‘end game’ for Japan on debt spiral.
Well, a full-on implosion is one way to end a lost decade or two. How will ours end?
By the way, a “recession worse than 2008” would be yet another reason, as VDH predicts in his latest column, that The Next President Is Going to Be Hated, as he or she cleans up the many messes that Obama leaves behind.